Calls Purchased on Masco

Shares of Masco MAS are higher on the session by 1.68%, currently trading at $11.51. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $12.00 call traded 3,400 times on open interest of 205 contracts. Overall call volume is now running at 5.58x the daily average with 90% of all calls traded being purchases on the offer. Masco Corporation manufactures, distributes and installs home improvement and building products. It is manufacturer of a range of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market.